Friday, June 12 2026 17:44
Alina Hovhannisyan

Armenia seeking special economic status in  EU, following precedent  of Moldova and Ukraine

 Armenia seeking special economic status in  EU, following precedent  of Moldova and Ukraine

ArmInfo.  Armenia is striving to obtain a special economic status within the European Union, mirroring the path taken by Moldova and Ukraine, as stated by the Minister of Economy of Armenia, Gevorg Papoyan, in Parliament on  June 12. 

He noted that in addition to export support programs targeted at the  European market, the Ministry of Economy and the Ministry of Foreign  Affairs are working with European partners to secure this special  economic status for Armenia.

"I believe that these efforts will conclude successfully, but they  require a certain amount of time," Papoyan said, noting that it is a  lengthy process since it requires the consensus of all European Union  member states.

According to the Statistical Committee of the Republic of Armenia,  trade turnover between Armenia and EU countries grew by 7.2% in 2025,  totaling $2.5 billion (or 11.7% of the country's total trade volume).   Export deliveries increased by 9% to $666.8 million, while imports  rose by 6.5% to $1.8 billion. In the first quarter of 2026, mutual  trade with EU nations surged by 54.3%, reaching $763.2 million.  During this period, exports demonstrated an 89.8% increase to $248.7  million, alongside a 41.5% rise in imports to $514.5 million.